It Is Time To Add Newly Built Homes To Your Search
Reasons Why You Should Consider Buying Newly Constructed Homes Today
It is a good time to get back on the market and search for your new home.
When looking for a home, you have the option to choose between existing homes that are already built and previously owned or newly constructed ones. The popularity of new construction homes is continuing to rebound and here are the reasons why...
More Options and Incentives
We are still in a sellers' market with 3.2 months of inventory. Although the inventory is still below the typical years like in 2019, the supply for existing homes for sale has increased this year, as well as the supply for newly built homes. According to National Association of Home Builders (NAHB), new single-family home inventory remained elevated at a 9.2 months' supply. Builders are eager to sell their properties before they build more therefore there are more homes to choose from.
During the housing market crash of 2008, builders were constructing too many homes. Today, there is a continual increase of completed homes for sale available. In order to help move and maintain sales of completed inventory, builders are offering aggresive incentives and discounts to buyers.
Newly Built homes are most likely have little repairs to tackle. You probably won't have to address leaky faucets, shutters to paint, and other odd jobs around the home, which can save up time for you to do other things.
Another benefit of owning a newly constructed home is that features in the house have not been used. You will have new applicances, windows, roofing, and you may even have the latest technology features built into your new home. These can help lower your energy costs and add up to significant savings over time.
If you haven't considered buying a newly built home, now is the time to find out what’s available in your area. Let's connect and have an expert guide you on your options and the benefits of an all-new home.